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  1. K

    Business Naira appreciates to N1,725/$ in parallel market - Vanguard News

    https://www.vanguardngr.com/2024/11/naira-appreciates-to-n1725-in-parallel-market-2/
  2. Today's Naira Rate[28-10-2024]: Naira Plummets to N1,740 as Economic Stability Wavers

    Nigeria Today's Naira Rate[28-10-2024]: Naira Plummets to N1,740 as Economic Stability Wavers

    The Nigerian naira has plunged to N1,740 per dollar in the parallel market, reversing earlier gains and raising concerns over economic stability. Minor appreciation was noted in the NAFEM, but analysts warn that supply shortages and increasing demand could lead to further depreciation in the...
    • Nigeria News
    • Article
    • 2 min read
    • exchange rate exchange rate for dollar
    • Category: Business
  3. Today's Naira Rate[06-10-2024]: Black Market Dollar Rate Reaches N1,674 as Economic Challenges Persist

    Nigeria Today's Naira Rate[06-10-2024]: Black Market Dollar Rate Reaches N1,674 as Economic Challenges Persist

    As of October 6, 2024, the black market exchange rate for the US dollar against the Nigerian naira has reached N1,674. This stark difference from the official rate of N1,657 by the Central Bank highlights ongoing economic challenges and a persistent shortage of foreign currency in Nigeria. As...
    • Nigeria News
    • Article
    • 1 min read
    • black market dollar to naira exchange rate foreign currency shortage nigeria economy
    • Category: Business
  4. K

    Business CBN approves sales of Dollar to legible BDC operators at N1580 rate - Daily Post

    https://dailypost.ng/2024/09/07/cbn-approves-sales-of-dollar-to-legible-bdc-operators-at-n1580-rate/
  5. Today's Naira Rate[05-09-2024]: Urgent Reforms Needed as Naira Hits New Low of N1,639.41 Against Dollar

    Nigeria Today's Naira Rate[05-09-2024]: Urgent Reforms Needed as Naira Hits New Low of N1,639.41 Against Dollar

    The naira plummeted to N1,639.41 per dollar in the official market, marking a significant decline of N34 from the previous day. The black market rate also fell, reflecting broader economic instability and inflation concerns, prompting calls for urgent government reforms to stabilize the...
    • Nigeria News
    • Article
    • 1 min read
    • black market rate currency depreciation exchange rate
    • Category: Business
  6. K

    Business Naira depreciates to N1,635 in parallel market - Vanguard News

    https://www.vanguardngr.com/2024/09/naira-depreciates-to-n1635-in-parallel-market/
  7. Today's Naira Rate[26-08-2024]: Naira Drops to 1,596.60/$ as Dollar Supply Tightens in FX Market

    Nigeria Today's Naira Rate[26-08-2024]: Naira Drops to 1,596.60/$ as Dollar Supply Tightens in FX Market

    The naira closed at N1,596.60 per dollar as dollar liquidity decreased, marking a 1.66% drop from Friday's rate. Daily FX market turnover fell 14.80% to $102.93 million, while the parallel market rate was quoted at N1,610. Analysts suggest sustained high interest rates amid ongoing inflation...
    • Nigeria News
    • Article
    • 2 min read
    • dollar liquidity exchange rate foreign exchange market
    • Category: Business
  8. Today's Naira Rate[22-07-2014]: Black Market USD to Naira Rate Hits ₦1,598

    Nigeria Today's Naira Rate[22-07-2014]: Black Market USD to Naira Rate Hits ₦1,598

    On July 22, 2024, the black market exchange rate for USD to NGN in Lagos is ₦1,590 buying and ₦1,598 selling. In contrast, the Central Bank of Nigeria sets its official rates at ₦1,584 buying and ₦1,585 selling. Rates may vary slightly due to market conditions. On July 22, 2024, the black...
    • Nigeria News
    • Article
    • 1 min read
    • black market dollar rate cbn dollar rate exchange rate parallel market usd to naira exchange rate
    • Category: Business
  9. K

    Business Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 22nd July 2024 - NaijaNews

    https://www.naijanews.com/2024/07/22/black-market-dollar-usd-to-naira-ngn-exchange-rate-today-22nd-july-2024/
  10. Presidency Slams NYT for Negative Portrayal of Nigeria, Highlights Tinubu’s Reforms

    Nigeria Presidency Slams NYT for Negative Portrayal of Nigeria, Highlights Tinubu’s Reforms

    The Nigerian presidency refutes claims in a New York Times article, asserting that President Tinubu inherited, not caused, the country's economic challenges. Highlighting policy measures and positive economic indicators, the presidency defends Tinubu’s administration and criticizes the foreign...
    • Nigeria News
    • Article
    • 2 min read
    • bayo onanuga exchange rate fuel subsidy new york times nigeria economy tinubu economic policies
    • Category: Politics
  11. Today's Naira Rate [07-06-2024]: Nigerian Naira Slips Closer to N1500/$ Amid Dollar's Resurgence

    Nigeria Today's Naira Rate [07-06-2024]: Nigerian Naira Slips Closer to N1500/$ Amid Dollar's Resurgence

    The Nigerian Naira faces downward pressure against the US dollar, nearing the critical threshold of N1500/$ as the dollar index surges by 80 basis points. As the trading week came to a close, the Nigerian Naira witnessed a notable decline against the US dollar, reaching N1495/$ in the parallel...
    • Nigeria News
    • Article
    • 1 min read
    • black market currency dollar exchange rate forex naira nigeria
    • Category: Business
  12. Today's Naira Rate [07-06-2024]: $925m Oil Loan Stabilizes Naira at N1,483.99/$1, Parallel Rate N1,495/$1

    Nigeria Today's Naira Rate [07-06-2024]: $925m Oil Loan Stabilizes Naira at N1,483.99/$1, Parallel Rate N1,495/$1

    Nigerian naira stable at N1,483.99/$1 as $925m oil loan boosts dollar inflows. External reserves rise to $32.79bn, but the black market rate is N1,495/$1. The Nigerian Naira maintained stability at the close of the week, buoyed by a surge in dollar inflows attributed to additional oil...
    • Nigeria News
    • Article
    • 1 min read
    • dollar inflows exchange rate external reserves nigerian naira
    • Category: Business
  13. Today's Naira Rate [03-06-2024]: Nigerian Naira Finds Stability Against US Dollar at ₦1,481

    Nigeria Today's Naira Rate [03-06-2024]: Nigerian Naira Finds Stability Against US Dollar at ₦1,481

    Stay updated on the latest shift in Nigeria's Naira-Dollar dynamics. June 3rd, 2024, marks a potential game-changer with the Naira stabilizing against the US Dollar at ₦1,481 in the black market. The Nigerian Naira and the US Dollar's relationship has often been tumultuous, but June brings a...
    • Nigeria News
    • Article
    • 1 min read
    • british pound cbn exchange rate naira to dollar rate today nigerian naira todays exchange rate us dollar
    • Category: Business
  14. Today's Naira Rate [29-05-2024]:Nigerian Naira Reverses Course, Dives to N1,329.65/$1 Despite Recent Surge

    Nigeria Today's Naira Rate [29-05-2024]:Nigerian Naira Reverses Course, Dives to N1,329.65/$1 Despite Recent Surge

    The Nigerian Naira faced a sharp decline, falling to N1,329.65 against the US Dollar despite recent gains and CBN interventions. The abrupt reversal raises concerns about currency stability and prompts questions about the effectiveness of central bank measures. Market observers remain vigilant...
    • Nigeria News
    • Article
    • 1 min read
    • central bank of nigeria currency depreciation exchange rate foreign exchange market nigerian naira
    • Category: Business
  15. Today's Naira Rate [27-05-2024]: Nigerian Naira Rises, Hits ₦1,339.33/$ Against US Dollar

    Nigeria Today's Naira Rate [27-05-2024]: Nigerian Naira Rises, Hits ₦1,339.33/$ Against US Dollar

    The Nigerian Naira strengthens against the US dollar, surging by 9.68% to ₦1,339.33/$ in the official forex market. However, facing a slight dip in the parallel market, the Naira trades at ₦1,520 to the dollar. Central Bank attributes volatility to seasonal fluctuations, while forex turnover...
    • Nigeria News
    • Article
    • 1 min read
    • central bank of nigeria exchange rate forex market nigerian naira official market us dollar
    • Category: Business
  16. Today's Naira Rate [27-05-2024]: Naira Depreciates to N1,520 Amid Supply Shortage

    Nigeria Today's Naira Rate [27-05-2024]: Naira Depreciates to N1,520 Amid Supply Shortage

    The naira depreciates by 1.32% against the dollar on the black market, opening at N1,520, attributed to increased demand and supply shortages. Meanwhile, the official exchange rate remains stable. Data shows slight fluctuations in the official market, with the naira appreciating by 0.19%, while...
    • Nigeria News
    • Article
    • 1 min read
    • central bank of nigeria exchange rate forex market nigerian naira official market us dollar
    • Category: Business
  17. K

    Business Naira gains N61.38 against dollar at official market, weakens at parallel market - Vanguard News

    https://www.vanguardngr.com/2024/05/naira-gains-n61-38-against-dollar-at-official-market-weakens-at-parallel-market/
  18. Businesses Brace for Impact as Nigerian Customs Raises Import Duty Exchange Rate to N1,441/$

    Nigeria Businesses Brace for Impact as Nigerian Customs Raises Import Duty Exchange Rate to N1,441/$

    Nigerian Customs recently upped the import duty exchange rate to N1,441/$1, marking a significant hike from the previous rate. This shift has sent shockwaves through businesses, prompting concerns about increased costs and potential economic repercussions. The Nigerian Customs Service has...
    • Nigeria News
    • Article
    • 2 min read
    • central bank of nigeria exchange rate import duties inflation nigerian customs
    • Category: Business
  19. K

    Business Naira slumps against Dollar at foreign exchange market - Daily Post

    https://dailypost.ng/2024/05/03/naira-slumps-against-dollar-at-foreign-exchange-market/
  20. Today's Naira Rate [27-04-2024]: Nigeria's Naira Bounces Back Strong, Hits 1,280 Against Dollar

    Nigeria Today's Naira Rate [27-04-2024]: Nigeria's Naira Bounces Back Strong, Hits 1,280 Against Dollar

    The Nigerian Naira experienced a significant rebound in the parallel market, appreciating to 1,280 Naira per US dollar. This unexpected surge marked a notable recovery for the currency, which had faced recent depreciation challenges. The rebound comes amidst ongoing fluctuations in the foreign...
    • Nigeria News
    • Article
    • 1 min read
    • exchange rate naira parallel market
    • Category: Business

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